Simple Woodies CCI Strategy For Binary Options Traders Easy Win
What is Woodies CCI?
Woodies CCI is Meant for finding the Trends of Markets. For Defining the trends this indicator uses histogram.
This Indicator algorithm Based on two indicators with different parameters. This Indicators depends on market price movement. The two indicators of the woodies CCI, First one Called CCI turbo and Second one called CCI itself. The Time periods of this indicator is 14 and 6 by default.
There are 5 horizontal lines exist. First one is Zero line which treated as a base line. The second one is +100 line, color is green called the overbought line. This line also treated as a resistance line. The Third line is -100 which color red called the oversold line. This line also treated as a support line. The next 2 line are +200 and -200. Here +100 and -100 are the least Squared moving average prices.
If the bars are above zero line and green then market is ascending trend. If the bar below the zero line than market is descending trend.
Please remind that the bars of the woodies CCI did not instantly change color after crossing the base line. At least 5 bars required to change the color of the bars.
Woodies CCI works very good trade during non volatile market,but during economic event/news release, it seems to me that it is too fragile.
How To trade Woodies CCI?
As a trader we all focus on how this indicator helps me in my trade. How I use this indicator and how to apply in my trade. The most common trading moment is oversold and overbought position, means when the price touch oversold, we usually take buy, when the price touch overbought, we usually take sold it’s a vice versa. Besides these trading tips I also give you 4 best probable profitable trading moment for both binary option and forex trader.
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Breaking The Baseline Method
So the First tricks is breaking the baseline(zero) line. Whenever price touch the baseline means market movement is changing, its maybe bullish or bearish depending on the trading moment. So it is the best moment to entry the market. The buy and sell depends on the histogram of the woodies CCI.
For the Binary option traders how, you take the position.
So the tricks is, You Take the position when the price touch the base line and the color changes according to the trends, means if the market is ascending then the bars color will be green. You may know the bars color did not change instantly in Woodies CCI, at least 5 bars required to change the bars color. So, you take trade when the bars colors become green. That means you wait for the confirmation’s bars before take the trades. You must ensure the time frame of the charts. if you setup 1 minute’s timeframe than your expiration time will be 1 minutes as well.
Conclusion
So There is others tricks also available in Woodies CCI But this one gives me around 80% profit. Always Use Five Minutes Charts for Better Results. you can use 2 minutes chart as well if you want to take lot of trade within short time frame. Also This tricks works on Both iqoption and Pocket option Broker.
But i Suggest Pocket option. according to me it works better there. Open a demo Account Here.
Open Demo Account in IQoption : Open Now
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